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 Video: What is a Stock Split?
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| OfficeMax is engaged in both business-to-business and retail office products distribution. Co.'s OfficeMax, Contract segment distributes office supplies and paper, technology products and solutions, office furniture and print and document services and facilities products. Co.'s OfficeMax, Retail segment is a retail distributor of office supplies and paper, print and document services, technology products and solutions, office furniture and facilities products. At Dec 29 2012, Co.'s Contract segment operated 44 office products stores in Canada, Hawaii, Australia and New Zealand; and its Retail segment operated 941 stores in the U.S., Puerto Rico, the U.S. Virgin Islands, and Mexico. According to our OMX split history records, OMX has had 2 splits. | |
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OMX (OMX) has 2 splits in our OMX split history database. The first split for OMX took place on July 13, 1995. This was a 3 for 2
split, meaning for each 2
shares of OMX owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. OMX's second split took place on July 10, 1996. This was a 3 for 2
split, meaning for each 2
shares of OMX owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split.
When a company such as OMX splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the OMX split history from start to finish, an original position size of 1000 shares would have turned into 2250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into OMX shares, starting with a $10,000 purchase of OMX, presented on a split-history-adjusted basis factoring in the complete OMX split history.
OMX -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 07/13/1995 | 3 for 2
| | 07/10/1996 | 3 for 2
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